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Firstly it's my pleasure as the CEO of AsiaBaseMetals Inc. (the "Company" - a Futura Capital Group Company) to convey my messages on the Company's website for you, the Company's valued shareholders, investors, guests and visitors.
I will format my message ("CEO's Corporate-Update") in a manner that delvers a "Quick & Concise Summary"; providing warranted details as and when required. (see below).
Rajinder Chowdhry (Raj) - CEO & Chairman
The company has decided to diversify its assets and seek out, review & acquire advanced Copper & Gold assets in safe mining friendly jurisdictions, while continuing to advance its current projects. I believe that the minerals sector is finally, once again, coming into favor, based on current market sentient, conditions & foreseeable long-term demand for Gold and especially Copper.
The foregoing opinion & statement certainly is a forward-looking statement, and since I'm about to make more of the same, I urge you to read the "Cautionary Disclaimer" available on the Company's website, and as referred to again later in this presentation.
The Company, during the time of the recently persistent down-turn in the mining sector which was further magnified by economic difficulties caused by the Covid epidemic’s supply-chain issues and the resulting high inflation rates to fight inflation, has maintained and advanced its current projects prudently under adverse market conditions, without causing any undue shareholder dilution.
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The Company’s current highly prospective "Gnome Project" (the "Project"), a 100% owned Cobalt/Zinc exploration property is in the heart of an area that is home to both the Cirque deposit held by a Teck & Korea Zinc Joint Venture (T-KZ-JV) and the Cardiac Creek deposit (held by ZincX, a junior company).
Based on current global economic, social, political, environmental & ecological dynamics & the transforming trends emerging at a time when the world population growth, especially of the elderly reaches new highs, the demand for minerals/metals will reach highest levels both in the established westernized economies and the emerging economies. And, this is all happening when the mining sector needs to emerge from a period of being in disarray.
The recent on-going sentiment in the mineral sector markets of under performance, as was the case when our Company acquired its current highly prospective Gnome Project (Zinc / Cobalt) provides the Company a similar opportunity, once again , to pursue and acquire advanced mineral assets. Incidentally, I had also assisted another company similarly, a company that I headed at that time as CEO (Tintina, now named Sandfire) in acquiring the Black Butte copper project in Montana, U.S.A.; one of the highest grade copper projects in the world, finally being put into production.
Note: Pursuant to the Company's business plan, when the Company first was listed onto the TSX Venture Exchange in 2009, immediately following the 2008 market demise due to the banking crisis, the Gnome Project was acquired at what management believes to be exceptionally low price, representing "cents on the dollar for exploration work previously already conducted"; and without significant dilution to shareholders. upon the completion of an extensive review of global demand for various types of metals when metal prices were unfavorable and/or depressed, especially for Cobalt & Zinc.
The right time to Acquire Advanced Copper & Gold Assets is "Now". Our Team can accomplish it, and again, with shareholder/investor support. it's "Time to Review the Facts".
$ - Only Thousands Spent to date by AsiaBaseMetals
(Note: Since Project acquisition in 2009)
Ownership: Gnome Project is now owned 100% by AsiaBaseMetals.
Exploration Work Program of the Gnome Project (2018) Discovered:
NOTE: Needless to say, the Project is in the "Right Area" with the Company maintaining and exploring the Project for the "Right Reasons", and at the "Right Time").
Let's next look at the Project's Highlights & Advantages (see below).
$ - Millions Spent to date by Teck/Korea Zinc JV
(Note: Teck has not disclosed amounts spent to date)
Ownership: Cirque deposit is now held 100% between Teck Resources Limited ("Teck") and Korea Zinc ("KZ") through a joint venture (T-KZ JV - 50% each).
Pursuant to British Columbia Ministry of Energy and Mines Report (2013), drilling delineated historical resource estimates for the North Cirque zone and the South Cirque zone.
Note: (see page 37 of Teck's Annual Information Form - 2023)
$ - Approximately $100 Million Spent to date by ZincX
Ownership: Cardiac Creek deposit is now held 100% by ZincX
Pursuant to 2016 Preliminary Economic Report ("PEA") the deposit has :
NOTE: Company's Market Cap - Approximately $18 m (due to depressed market conditions; commencing in 2008)
Discovery of Cobalt (Co) - Gnome Project
First in the region, together with Zinc.
Soil Geochemical Survey Results - 2018
Anomalous Cobalt (0.58% Co) together with Zinc (up to 5.99% Zn) and Manganese (up to 10.6% Mn)
(see Corporate Presentation / Company's News Release Oct 29, 2018)
Several Areas Identified (A through F) - For Drill Testing With Deeper (100+ m) Drill Holes
Risk Management: As you all appreciate, the Mining Industry is considered a high-risk business. "To mitigate Risk", even when drilling the best of properties, with immense potential, one needs to add additional prospective advanced projects, especially when the time to do so is opportune, as is the case now.
Focused Team - Delivering Shareholder Value: The Company's whole team is focused on delivering shareholder value to all shareholders of the Company, as can be seen to date. I not only serve the Company, the Company's team, each of the Company's Shareholders, and each community and country where the Company conducts business; I also do it as a significant shareholder [as per my shareholder filings on the System for Electronic Disclosure by Insiders ("SEDI")].
The Company & I thank you: Your valuable time to read my my Update Message, and for your continued support as the "Company having Forward Thinking" creates and delivers results and value for all shareholders, is truly appreciated. I recommend that you view the Company's Brochure (t e "Brochure") available on the Company's website (in the Document Library Section) for more information & details. and read the full Disclaimer provided on the Company's website.
"Raj Chowdhry"
CEO & Chairman of the Board
NOTE: Click Here - To Read Full Disclaimer - Covering All Content & Statements Above
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